Global Micro LED Display Market: Overview
The rising demand for fine pitch panel is likely to boost growth of the global micro LED display in coming years. These pitch panels are mainly been utilized in applications like outdoor display, and for business applications due to their properties like vivid colors, self-illumination, high brightness.
On the other hand, high cost involve with the products likely to limit growth of the micro LED display market. However, Rise in demand for home electronics are few major factor fueling growth of this market in near future.
Based on panel size, small micro LED display market is likely to register significant growth throughout the forecast period. Due to increasing usage of the small micro LED display in smartphones, smart watches and close to eye device. These components are significantly lower than the device and this allow their adoption in smartphones and smartphone. Therefore, this led to their application in AR/VR devices and smart watches.
The research study offers comprehensive analysis of the key players operating in the global market for micro LED display and their recent product launch. The report also provide major trends and restraints hampering growth of this market. The major drivers contributing to the growth of this market is also provided in the report.
Global Micro LED Display Market: Trends and Opportunities
The rising demand for power efficient and bright display panel is expected to boost growth of this market in near future. The rising preference of the electronic based company such as Apple and Sony related to micro-LEDs display are another factors positively contributing to the growth of the global market for LED display market.
The power consumption in micro LED display is less when compared to other products such as LED display technologies and OLED. This can be another factor positively boost the growth of the micro LED display market in coming years.
Global Micro LED Display Market: Regional Outlook
On the basis of geography, U.S. alone account for maximum share in the global market for micro LED display market. In addition, the demand for the micro LED in Asia Pacific is increasing owing to increase demand for smart watches in this region. The Asia Pacific micro display market is likely to grow on the basis of increased shipping process for the micro LED display has increased. This can be another factor supporting growth in this region. The large number of manufacturers likely to adopt newer version of the technology to remain leading players in the Asia Pacific market.
Global Micro LED Display Market: Companies Mentioned
The report also includes key players operating in the global market for micro LED display such as Samsung Electronics, Plassey Semiconductor Technology, Sony, Plassey Semiconductor Technology, Glo AB. and VerLASE Technology. The manufacturers are largely focused toward new innovation to remain dominant in the global market for micro LED display market.
Market segmentation based on geography:
- North America
- South America
- Asia Pacific
- Middle East and Africa
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.